The Priceline Group (PCLN) Earning Somewhat Favorable Media Coverage, Accern Reports
Press coverage about The Priceline Group (NASDAQ:PCLN) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The Priceline Group earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.8027394055026 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Priceline Group Inc (PCLN) Expected to Post Quarterly Sales of $2.69 Billion (americanbankingnews.com)
- Notable Wednesday Option Activity: AMZN, PCLN, PRU (marketnewsvideo.com)
- Will Priceline Group Split Its Stock in 2018? – Madison.com (host.madison.com)
- Priceline Group (PCLN) Stock Upgraded to Hold from a Sell – Investorplace.com (investorplace.com)
- Aussies skip the ski fields for a Christmas in the Bali tropics (finance.yahoo.com)
The Priceline Group (PCLN) traded down $0.77 during trading on Friday, hitting $1,758.42. 186,646 shares of the stock traded hands, compared to its average volume of 460,520. The company has a market cap of $85,794.88, a price-to-earnings ratio of 23.63, a PEG ratio of 1.39 and a beta of 1.43. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68. The Priceline Group has a 12-month low of $1,459.49 and a 12-month high of $2,067.99.
The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $34.31 by $0.91. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.34 billion. The Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm posted $29.69 EPS. equities analysts forecast that The Priceline Group will post 74.42 EPS for the current year.
PCLN has been the subject of several research reports. Jefferies Group LLC reiterated a “buy” rating and set a $2,300.00 price objective (up previously from $2,250.00) on shares of The Priceline Group in a research report on Thursday, August 10th. Stifel Nicolaus reiterated a “buy” rating and set a $2,100.00 price objective on shares of The Priceline Group in a research report on Thursday, August 10th. Raymond James Financial, Inc. reiterated a “buy” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. Credit Suisse Group set a $2,150.00 price objective on shares of The Priceline Group and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, UBS AG reiterated a “buy” rating and set a $2,100.00 price objective on shares of The Priceline Group in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The Priceline Group presently has an average rating of “Buy” and a consensus price target of $2,020.52.
In related news, CEO Gillian Tans sold 123 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,715.78, for a total value of $211,040.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 367 shares of company stock worth $672,929 in the last ninety days. 0.24% of the stock is currently owned by insiders.
The Priceline Group Company Profile
The Priceline Group Inc is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
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